Insurance plan is beneficial and a good investment while traveling within India or overseas. The frequency of unforeseen events increasing on a daily basis, it has become crucial keeping a backup plan that helps you handle emergencies with ease. Uncertain events such as terrorist attacks, thefts, robbery etc. can happen anytime while traveling. You don’t have an idea how bad it can get when you have to encounter with such events in an alien destination.
Insurance is handy in difficult times.Having a travel insurance policy in hand will help you ensure complete protection all through the trip and even offers you compensation when an emergency strikes. No wonder investing in a good travel insurance plan tops the list of any travel plan.
The most crucial reason to buy a comprehensive travel insurance plan is to cover medical expenses while traveling abroad. In the event of an accident or unforeseen sickness, instant medical assistance is a must. Now the medical care cost can vary from one country to the other.
Trip / Flight Cancellation
In the event where illness occurs just days before a trip, you may have payments made in full for various arrangements including tickets, flights, accommodation etc. Cancelling the trip means heavy loss and disappointment. Having a travel insurance policy will cover the losses.
By having a travelling insurance plan in hand that covers sudden flight cancellation by airlines, the expenses incurred by you in buying alternative flight tickets will be reimbursed by the company.
Many times, travelers tend to miss their flights, with travel insurance plan in hand, you can handle the cost of an additional flight. expenses incurred in reaching your destination are fully covered under travel Insurance.
Theft / Loss of personal belongings
Tourists are prone to attacks, theft, loot etc. in foreign countries. Travel insurance is crucial to balance the loss due to the above-stated emergencies. Insurance companies usually reimburse these losses in full or partially.
It is a common travel insurance term. It defines the curtailment of a trip due to certain events such as serious illness or death of a close relative at home while you are traveling overseas. In the case of such an emergency, the overall cost of the trip needs curtailing, it will be covered by the Insurance company.
Preparing a checklist is important before buying Travel Insurance. This is especially important if you are not covered against medical expenses.
In fact, accidents on holidays are unfortunate, having insurance will give you cover protection dangers posed by these activities.